Freshworks Inc. (NASDAQ:FRSH – Get Free Report) Director Jennifer Taylor sold 6,618 shares of Freshworks stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total value of $69,091.92. Following the completion of the transaction, the director owned 62,673 shares in the company, valued at $654,306.12. The trade was a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Freshworks Trading Down 0.7%
FRSH traded down $0.07 during midday trading on Thursday, reaching $10.34. The company’s stock had a trading volume of 26,375,457 shares, compared to its average volume of 10,638,896. The stock has a market cap of $2.86 billion, a P/E ratio of 16.68 and a beta of 0.88. The company has a fifty day simple moving average of $9.13 and a 200 day simple moving average of $9.43. Freshworks Inc. has a twelve month low of $6.79 and a twelve month high of $15.47.
Freshworks (NASDAQ:FRSH – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $228.63 million during the quarter, compared to analyst estimates of $223.63 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. Sell-side analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current year.
Wall Street Analyst Weigh In
View Our Latest Report on Freshworks
Hedge Funds Weigh In On Freshworks
Hedge funds have recently made changes to their positions in the business. Clark Capital Management Group Inc. boosted its position in shares of Freshworks by 82.3% during the 3rd quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock valued at $8,788,000 after acquiring an additional 337,138 shares in the last quarter. Newlands Management Operations LLC acquired a new position in Freshworks in the third quarter worth about $5,410,000. Tudor Investment Corp ET AL bought a new position in Freshworks during the third quarter worth about $1,984,000. Topline Capital Management LLC lifted its stake in Freshworks by 43.0% during the third quarter. Topline Capital Management LLC now owns 2,765,000 shares of the company’s stock worth $32,544,000 after purchasing an additional 831,787 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in Freshworks by 166.3% during the third quarter. Quantbot Technologies LP now owns 222,291 shares of the company’s stock valued at $2,616,000 after purchasing an additional 138,802 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.
About Freshworks
Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.
The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.
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